Itaú UnibancoITUB
About: Itau Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itau and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itau's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
Employees: 95,702
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 36
3% more funds holding
Funds holding: 316 [Q1] → 327 (+11) [Q2]
0.42% more ownership
Funds ownership: 16.82% [Q1] → 17.24% (+0.42%) [Q2]
10% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 9 (-1) [Q2]
13% less call options, than puts
Call options by funds: $33.8M | Put options by funds: $39.1M
15% less capital invested
Capital invested by funds: $5.64B [Q1] → $4.82B (-$819M) [Q2]
18% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 119
Research analyst outlook
We haven’t received any recent analyst ratings for ITUB.